Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2023

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________to________

Commission File Number: 000-56457

Livento Group, Inc.

(Exact name of registrant as specified in its charter)

Nevada		46-3999052
(State of incorporation)		(I.R.S. Employer Identification No.)

17 State Street, Suite 4000, New York, NY 10004		++1(980)432-8241
(Address of principal executive offices)		(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered under Section 12(b) of the Act:
Title of each class registered:		None
Name of each exchange on which registered:		None

Securities registered under Section 12(g) of the Act:
Title of each class registered:		Common Stock, par value $0.0001
Name of each exchange on which registered:		None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. for such shorter period that the registrant was required to submit and post such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large, accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

☐ Large accelerated filer ☐ Accelerated filer ☐ non-accelerated filer

☒ Smaller reporting company ☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. ☐ Yes ☐ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as June 30, 2023: 686,486,378

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Consolidated Balance Sheet

(Unaudited)

	June 30, 2023			December 31, 2022
ASSETS
Current Assets
Checking/Savings
Cash		43,425			24,159
Total Checking/Savings	$	43,425		$	24,159

Accounts Receivable		206,911			489,910

Other Current Assets
Other Accounts Receivable		280,916			121,460
Inventories		0			0
Total Other Current Assets	$	280,916		$	121,460

Total Current Assets	$	531,252		$	635,529

Long Term Assets
Long Term Investments		341,470			9,952,880
Property & Equipment		53,282			0
Goodwill		0			0
Intangible Assets		49,055,932			15,118,847
Other Assets		0			0
Deferred Long Term Asset Charges		0			0
Accumulated Depreciation		(3,308,397	)		(2,391,999	)
Total Long-Term Assets	$	46,142,286		$	22,679,728

TOTAL ASSETS	$	46,673,539		$	23,315,257

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable		359,751			139,530
Credit Cards		0			0
Other Current Liabilities
Accounts Payable		31,018			62,549
Derivative Liabilities		0			0
Notes Payable		0			0
Payroll Liabilities		0			0
Related Parties Payable		0			0
Total Other Current Liabilities	$	31,018		$	62,549
Total Current Liabilities	$	390,769		$	202,079

Long Term Liabilities
Co-Investments		3,266,017			3,046,017
Long-Term Business Loans		26,383			0
Total Long-Term Liabilities	$	3,292,400		$	3,046,017

Total Liabilities	$	3,683,169		$	3,248,096

Equity
Additional Paid in Capital		60,325,425			32,493,023
Capital Stock					0
Common stock, $0.0001 par value, 294,896,185 shares issued at 06/30/2023 and 227,001,268 shares issued at 12/31/2022 (500,000,000 shares Authorized)		29,490			22,700
Common stock, $0.0001 par value, 391,590,193 shares will be issued after Annual General Meeting (AGM) and increase authorized shares		39,159			0
Dividends Paid		0			0
Opening Balance Equity		0			0
Owner or member capital		0			0
Preferred stock A, $0.0001 par value, 100 shares issued at 06/30/2023 and 100 shares issued at 12/31/2022 (100 shares Authorized)		0			0
Preferred stock C, $0.0001 par value, 1,104,426 shares issued at 06/30/2023 and 1,204,423 shares issued at 12/31/2022 (10,000,000 shares Authorized)		110			120
Preferred stock D, $0.01 par value, 831,662 shares issued at 06/30/2023 and 211,344 shares issued at 12/31/2022 (1,000,000 shares Authorized)		8,317			2,113
Preferred stock E, $0.0001 par value, 28,000 shares issued at 06/30/2023 and 0 shares issued at 12/31/2022 (40,000 shares Authorized)		3			0
Preferred stock F, $0.0001 par value, 15,000 shares issued at 06/30/2023 and 0 shares issued at 12/31/2022 (75,000 shares Authorized)		2			0
Preferred stock, value		2			0
Non-Controlling Interest		11,020			0
Retained Earnings		(17,423,156	)		(12,450,797	)
Total Equity	$	42,990,369		$	20,067,160

TOTAL LIABILITIES & EQUITY	$	46,673,539		$	23,315,257

The accompanying notes are an integral part of these condensed financial statement.

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Statements of Operations

(Unaudited)

	2023			2022			2023			2022
	Three Months ended June 30,						Six Months ended June 30,
	2023			2022			2023			2022
ORDINARY ICOME/EXPENSE
Income
Revenues		431,184			224,986			922,651			680,202
Sales Discounts		0			0			0			0
Total Income		$ 431,184		$	224,986		$	922,651		$	680,202

Cost of Goods Sold
Merchant Account Fees		0			0			0			0
Professional fees RTS		94,430			38,319			606,716			43,745
Amortization RTS		423,741			419,353			843,093			838,705
Total COGS	$	518,171		$	457,671		$	1,449,810		$	882,450

Gross Profit	$	(86,987	)	$	(232,685	)	$	(527,159	)	$	(202,247	)

Expense
Advertising & marketing		16,872			12,292			31,465			34,826
Computer and Internet Expenses		0			0			0			0
Bank Charges		2,655			135			3,207			259
Commissions & fees		2,120			0			56,130			0
Contract labor		110,484			0			260,375			966
Contractors		497			0			497			0
General business expenses		10,258			4,478			13,370			8,326
Interest paid		0			0			0			0
Insurance		0			0			1,020			0
Legal & accounting services		14,380			15,029			34,697			15,029
Professional Fees		107,972			44,500			182,972			45,000
Office expenses		1,177			124			2,324			164
Payroll expenses		46,360			0			98,264			0
Rent		1,121			0			3,735			183
Travel		7,641			0			16,737			0
Uncategorized Expense		123			0			123			0
Stock based compensation		2,052,955			0			3,726,621			0
Taxes paid		1,240			0			1,240			0
Total Expense	$	2,375,854		$	76,558		$	4,432,777		$	104,753

Net Ordinary Income	$	(2,462,842	)	$	(309,243	)	$	(4,959,936	)	$	(307,000	)

Other Income/Expense
Other Income		0			0			0			0
Other Expense		0			0			11			0
Net Other Income	$	0		$	0		$	(11	)	$	0

Net loss	$	(2,462,842	)	$	(309,243	)	$	(4,959,946	)	$	(307,000	)

Net loss per share - basic and diluted		(0	)		(0	)		(0	)		(0	)

Weighted average number of common shares outstanding, basic and diluted		294,896,185			209,001,268			294,896,185			209,001,268

The accompanying notes are an integral part of these condensed financial statements.

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Consolidated Statements of Comprehensive Loss

	2023			2022			2023			2022
	Three Months ended June 30,						Six Months ended June 30,
	2023			2022			2023			2022
Net loss		(2,462,842	)		(309,243	)		(4,959,946	)		(307,000	)
Other comprehensive income (loss):		488			0			488			0
Foreign currency translation adjustments		(12,413	)		0			(12,413	)		0
Total comprehensive loss	$	(2,474,767	)	$	(309,243	)	$	(4,971,871	)	$	(307,000	)

The accompanying notes are an integral part of these condensed financial statements.

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Consolidated StatementS of Shareholders’ Equity

	Shares		Amount		Shares		Amount		Capital		Deficit			Interest		Equity
	Preferred Stock Shares				Ordinary Shares				Additional Paid in		Accumulated			Non-Controlling		Total Stockholder’s
	Shares		Amount		Shares		Amount		Capital		Deficit			Interest		Equity
Balance at January 1, 2023		1,415,867		2,234		227,001,268		22,700		32,493,023		(12,450,797	)		0		20,067,160
Change in Preferred shares		563,321		6,197													6,197
Change in Ordinary shares						459,485,110		45,949									45,949
Change in Additional Paid in Capital										27,832,402							27,832,402
Change in Accumulated Deficit												(4,972,359	)				(4,972,359	)
Change in Non-Controlling Interest															11,020		11,020
Balance at June 30, 2023		1,979,188		8,431		686,486,378		68,649		60,325,425		(17,423,156	)		11,020		42,990,369

	Preferred Stock Shares				Ordinary Shares				Additional Paid in		Accumulated			Non-Controlling		Total Stockholder’s
	Shares		Amount		Shares		Amount		Capital		Deficit			Interest		Equity
Balance at March 31, 2023		1,607,549		5,141		248,001,268		24,800		34,745,621		(14,947,901	)		0		19,827,661
Change in Preferred shares		371,639		3,291													3,291
Change in Ordinary shares						438,485,110		43,849									43,849
Change in Additional Paid in Capital										25,579,804							25,579,804
Change in Accumulated Deficit												(2,475,254	)				(2,475,254	)
Change in Non-Controlling Interest															11,020		11,020
Balance at June 30, 2023		1,979,188		8,431		686,486,378		68,649		60,325,425		(17,423,156	)		11,020		42,990,369

	Preferred Stock Shares				Ordinary Shares						Additional Paid in		Accumulated			Non-Controlling		Total Stockholder’s
	Shares		Amount		Shares			Amount			Capital		Deficit			Interest		Equity
Balance at January 1, 2022		100		0		765,895,613			76,590			32,074,932		(11,963,639	)		0		20,187,883
Change in Preferred shares		1,204,426		120															120
Change in Ordinary shares						(556,894,345	)		(55,689	)									(55,689	)
Change in Additional Paid in Capital												55,569							55,569
Change in Accumulated Deficit														(307,000	)				(307,000	)
Change in Non-Controlling Interest																	0		0
Balance at June 30, 2022		1,204,526		120		209,001,268			20,900			32,130,501		(12,270,639	)		0		19,880,883

	Preferred Stock Shares						Ordinary Shares				Additional Paid in			Accumulated			Non-Controlling		Total Stockholder’s
	Shares			Amount			Shares		Amount		Capital			Deficit			Interest		Equity
Balance at March 31, 2022		6,204,526			620			199,518,487		19,952		32,130,950			(11,961,396	)		0		20,190,126
Balance		6,204,526			620			199,518,487		19,952		32,130,950			(11,961,396	)		0		20,190,126
Change in Preferred shares		(5,000,000	)		(500	)														(500	)
Change in Ordinary shares								9,482,781		948										948
Change in Additional Paid in Capital												(448	)							(448	)
Change in Accumulated Deficit															(309,243	)				(309,243	)
Change in Non-Controlling Interest																		0		0
Balance at June 30, 2022		1,204,526			120			209,001,268		20,900		32,130,501			(12,270,639	)		0		19,880,883
Balance		1,204,526			120			209,001,268		20,900		32,130,501			(12,270,639	)		0		19,880,883

The accompanying notes are an integral part of these condensed financial statements.

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Statement of Cash Flow

	2023			2022			2023			2022
	Three Months ended June 30,						Six Months ended June 30,
	2023			2022			2023			2022
OPERATING ACTIVITIES
Net Income		(2,462,842	)		(309,243	)		(4,959,946	)		(307,000	)
Adjustments to reconcile Net Income to net cash provided by operations:
Amortization		424,432			419,353			843,785			838,705
Stock based compensation		2,052,955			0			3,726,621			0
Foreign currency translation adjustments		10,797			0			10,797			0
Changes in operating assets and liabilities:
Accounts Receivable		282,558			2,203			294,468			(442,797	)
Accounts Payable		(23,112	)		37,883			140,901			(113,616	)
Other Current Assets		(35,426	)		(15,831	)		(21,065			33,639
Other Current Liabilities		28,112			25,936			(13,996			(15,872	)
Total Adjustments to reconcile Net Income to Net Cash provided by operations:		2,740,318			469,544			4,981,510			300,059
Net cash provided by Operating Activities	$	277,476		$	160,300		$	21,564		$	(6,941	)

INVESTING ACTIVITIES
Long Term Investments		0			0			(5,360	)		(11,273	)
Purchase of Intangible Assets		(760,000	)		(150,000	)		(1,010,000	)		(355,000	)
Cash proceed for sale of investments		0			0			0			0
Property & Equipment		0			0			0			0
Deposits		0			0			0			0
Security Deposits Asset		0			0			0			0
Net cash provided by Investing Activities	$	(760,000	)	$	(150,000	)	$	(1,015,360	)	$	(366,273	)

FINANCING ACTIVITIES
Proceed from sale of Stock		229,463			0			793,063			0
Contribution by owners		0			0			0			0
Dividends Paid		0			0			0			0
Proceed from note payable		200,000			0			220,000			0
Net cash provided by Financing Activities	$	429,463		$	0		$	1,013,063		$	0

Net cash increase for period	$	(53,061	)	$	10,300		$	19,267		$	(373,214	)

Cash at beginning of period	$	96,486		$	100,669		$	24,159		$	484,183

Cash at end of period	$	43,425		$	110,969		$	43,425		$	110,969

The accompanying notes are an integral part of these condensed financial statements.

Notes to Unaudited Condensed Consolidated Financial Statements

NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION

We were incorporated in the State of Nevada on October 30, 2013, under the name “Bling Marketing, Inc.”. Until December 29, 2014, we were a wholesaler of jewelry, principally earrings, rings, and pendants (“BMI Business”). We recognized a minimal number of sales from operations before the three months ending June 30, 2014 and were accordingly classified as a shell company. During the three-month ended June 30, 2014, we began working with several distributors to sell our jewelry products to retail outlets and, as a result, recognized sales revenue of $22,025 during the said period. On September 11, 2014, we filed a Current Report on Form 8-K indicating that we were no longer a shell company as defined by Rule12b-2 of the Exchange Act in light of our operations through the quarter that ended June 30, 2014.

On December 26, 2014, we entered into an Agreement and Plan of Merger (“Nugene Merger Agreement”) with NuGene Inc., a California corporation (“NuGene”). On December 29, 2014 (the “Closing Date”), we filed a certificate of merger in the State of California whereby our subsidiary, NG Acquisition Inc. (“Acquisition Sub”), merged with NuGene. As a result, NuGene, the surviving entity, became our wholly owned subsidiary. The transaction under the Nugene Merger Agreement was deemed to be a reverse merger, whereby the Company (the legal acquirer) is considered the accounting acquiree and NuGene is considered the accounting acquirer, and NuGene (the legal acquiree) is considered the accounting acquirer. The assets, liabilities, and operations of the acquired entity, NuGene, were brought forward at their book value, and no goodwill was recognized.

In connection with the NuGene Merger Agreement, we entered into a Business Transfer and Indemnity Agreement dated December 29, 2014 (the “Indemnity Agreement”) with our former Chief Executive Officer and Director, Dena Kurland providing for:

●	The transfer of our jewelry business operations existing on the date of the Indemnity Agreement (the “BMI Business”);
●	The assumption by Ms. Kurland of all liabilities of our Company and the indemnification by Ms. Kurland holding our Company harmless for any and all liabilities arising at or before the date of the Indemnity Agreement;
●	The payment by NuGene to Ms. Kurland of $350,000 in cash; and
●	The surrender by Ms. Kurland of 15,000,000 shares (before giving effect to the Stock Split discussed below) (the “Indemnity Shares”) of our Company’s common stock representing 95% of the then outstanding common stock (all of which shares have been deemed cancelled by the Company).

Pursuant to the terms of the Nugene Merger Agreement, 26,052,760 shares of Company common stock and 1,917,720 Company a newly designated Series A Preferred Stock were issued to the former NuGene shareholders. The Series A Preferred Stock was: (i) initially convertible into common stock at a ratio of one to one, (ii) as long as there were a minimum of 900,000 shares of Series A Preferred Stock outstanding, the holders of the Series A Preferred Stock had the right to elect a majority of the board of directors and (iii) the holders of the Series A Preferred Stock, generally voting as a class with the holders of common stock, had for each share of Series A Preferred Stock three times the number of votes permitted to each share of common stock.

On December 26, 2014, our board of directors approved a 15.04 to one stock split (“Stock Split”) in the form of a stock dividend to holders of our common stock as of that date. To affect that board action, each recipient of the stock dividend would receive 14.04 additional shares of common stock for every share of common stock held.

On December 29, 2014, we completed the sale of 2,000,000 shares of our common stock to 18 purchasers (“Stock Placement”) for proceeds totaling $2,000,000, including (a) $1,625,000 of cash and (b) automatic conversion of promissory notes in the principal amount of $375,000.

NuGene was incorporated in California in December 2006 and formed and funded by our founders, Ali Kharazmi and Mohammed Kharazmi, M.D. The initial focus of NuGene was to develop and market customized skin care products. As part of that focus, NuGene sought to leverage the working relationships developed by our founders with the plastic surgery community. NuGene directed significant time and resources on developing anti-aging and scar treatment/reduction products.

In 2007 Nugene continued to focus on “age-defying” products utilizing peptide complexes (see further description below) and nano-encapsulation for absorption into the skin (see additional description below). We introduced a limited product line under the NuGene name and co-branded the products with an affiliated entity, Genetic Institute of Anti-Aging, Inc. (“GIAA”), which the Kharazmi owned. We utilized the services of a Korean-based contract manufacturer to supply our products. This product line (the “GIAA Line”) was based on peptides and did not utilize stem cells. We had very modest sales in 2007, with our sole customer GIAA, a related party.

In 2008 we stopped production of the GIAA Line, and sales were limited to selling the remaining inventory through medical offices and GIAA. With the GIAA Line discontinued, we spent the remainder of 2008 considering different formulations and methodologies for improved anti-aging products.

In 2009 and 2010, we had limited activity and minimal sales. Our sales were mainly overseas and limited to the remaining inventory of the GIAA Line. We continued to explore how we might advance our formulations and methodologies. We expended funds on research and development, carried out mainly by scientists engaged by the Company.

In 2011 our founders decided to use adult adipose human stem cells (undifferentiated cells found throughout the body that multiply by cell division to replenish dying cells and regenerate tissues) as the foundation of the formulation for its products. In 2011 the Company developed a proprietary process to extract human adult stem cells from fat cells that the Company then used in its customized NuGene line explicitly made for those client(s). Throughout 2011 we continued to provide autologous, or mature, fat-derived stem cells for use in clinical procedures utilizing this technology. Through this process, the Company refined its ability to culture adult human stem cells to render human-conditioned stem cell media at a proprietary concentration, a primary ingredient in the NuGene line of cosmeceuticals. The Company believes that this proprietary concentration, combined with our unique formulations, will provide NuGene with a significant competitive advantage.

In 2012 we completed our initial line of cosmeceutical products based on these adipose-derived stem cells. We branded this advanced skincare line solely under the NuGene name (the “NuGene Line”). We eliminated the unpleasant odor associated with stem cells by adding a fragrance with a very low incidence of allergic reaction. The packaging of this new product line bears no resemblance to the prior GIAA Line. We also manufactured the NuGene Line ourselves at a small laboratory facility that we leased from an affiliated entity owned by one of our founders.

Throughout 2013 we continued to expand the product offerings of the NuGene Line. The Company focused its stem cell work on surgical and orthopedic regeneration. These services were delivered to one client, which was an affiliated entity. Sales of the NuGene Line were limited as we were in an initial rollout and branding phase.

During 2014, we focused our efforts on transitioning to a cosmeceutical skincare business for mass distribution. With this transition and expanded attention to our consumer products, we sought to develop our marketing plan and distribution channels. By the end of 2014, we had wholesalers distributing products from the NuGene Line to medical offices and medical spas throughout the United States. December 31, 2014, we had about 50 locations selling our products. In addition to the NuGene Line, we generated revenues from an affiliate, Advanced Surgical Partners (“ASP”), which is also owned by our CEO and Chairman of the Board, Messrs. Ali and Mohammed Kharazmi, respectively. Revenues generated from ASP resulted from NuGene providing Plasma Rich Platelet and Stem Cell injections for orthopedic and plastic surgery procedures to ASP. We provided these products and services to ASP as we transitioned into commercializing our cosmeceutical product lines. We expect further to minimize these product sales and services to ASP in early 2015.

Our target customers primarily consisted of middle-aged men and women concerned with their aging skin and hair loss. Although our distributors were primarily west of the Mississippi River, our products were sold throughout the United States.

By 2017, our cosmeceutical skincare business had been discontinued as we could not obtain financing for operations on reasonable terms and became inactive. Our corporate charter was revoked in Nevada

On January 26, 2020, Emergent, LLC (“Emergent”), a Nevada LLC controlled by Milan I Hoffman, was appointed the custodian of the Company and proceeded to revive the Company’s existence and resolve its outstanding indebtedness. This was completed as to all indebtedness except for one convertible rate promissory note of $120,000. See Litigation. In March 2022, Ms. Hoffman sold her Series A Preferred stock in the Company and certain shares of Series C Preferred Stock to Livento Group, LLC. Also in March 2022, David Stybr, our CEO and the sole owner of Livento Group, LLC, agreed to contribute Livento Group, LLC to the Company in exchange for a transfer to him of the Series A Preferred Stock which gave Mr. Stybr voting control of the Company. The Series C Preferred Stock purchased by Livento Group, LLC was cancelled. As a result of these transactions our current operations are the operations of Livento Group, LLC

Livento Group operations started in 2017 as the internal team spearheaded the development of financial management software based on artificial intelligence for investment entities. This software currently provides several clients with data processing and analytical services in the investment management sector. Management believes that this segment of our operations will provide meaningful revenue, but we can give no assurance that this will happen. The product is best described as an automated system that can analyze large quantities of data, focusing on selected parameters and predicting short-term future behavior within a specific portfolio of selected assets. The software chooses assets with the highest potential based on a set of specifications and properties, predicting short-term future behavior within a particular portfolio.

In 2020 the Company acquired land for a residential real estate development project, amounting to 4 million USD, with a completion target of late 2022. The property is being developed into 16 residential condominiums in a suburb of Prague in the Czech Republic, and all of the condominium units have signed purchase agreements totaling 12 million. The development cost was approximately 3 million USD. Accordingly, the gross profits from this project (not counting carrying costs) will be about 5 million USD. The Company had one more real estate project in the planning phase but planned to sell it and not develop the property further.

NOTE 2 – PRINCIPLIES OF CONSOLIDATION

These consolidated financial statements and related notes are presented by accounting principles generally accepted in the United States and are expressed in US dollars.

The basis of accounting differs in certain material aspects from that used for preparing the books of the Subsidiaries, which are prepared by the accounting principles and relevant financial regulations applicable to limited liabilities enterprises established in their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of the Subsidiaries to present them in conformity with U.S. GAAP.

The consolidated financial statement comprises the financial statement of Livento Group Inc. (The Company) and the subsidiaries Livento Group LLC, Livento Services Inc., Livento AI & Robotics Solutions Inc., BOXO Productions Inc., Livento Europe a.s., Novel-ti, Vector Power Works sro and BOXO Technology Inc. as of June 30, 2023.

Subsidiary - The Group consolidated financial statements include the assets, liabilities, equity, revenue, expenses and cash flows of the Company. A subsidiary is an entity over which the Company has control. The Company controls an entity when the Company has power over the entity, is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Assessment of control is based on the substance of the relationship between the Company and the entity and includes consideration of both existing voting rights and, if applicable, potential voting rights that are currently exercisable and convertible. The operating results of subsidiaries acquired are included in the consolidated financial statements from MONTH when control is acquired (typically the acquisition date). The operating results of subsidiaries that are divested during the period are included up to the date control ceased (typically the disposition date) and any difference between the fair value of the consideration received and the carrying value of a divested subsidiary is recognized in the consolidated income statements. Accounting policies of subsidiaries have been aligned with those of the Company where necessary.

Use of Estimates

Conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities that are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including but not limited to, those related to revenue recognition, collectability of accounts receivable, contingent liabilities, fair value of financial instruments, fair value of acquired intangible assets and goodwill, useful lives of intangible assets and property and equipment, excess and obsolete inventory, deferred tax asset valuation and income taxes. These estimates are based on management’s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates.

Risks and Uncertainties

The Company operates in an industry that is subject to rapid change. The Company’s operations are subject to significant risk and uncertainties including financial, operational, technological, regulatory, and other risks, including the potential of business failure.

Reclassifications

For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the current year’s financial statement presentation. These reclassifications have no impact on net loss.

Inventories

The Company doesn’t have inventories as we work only as service provider.

Property and Equipment

Our property, plant, and equipment on June 30, 2023, consists of our software product Elisee, Novelti programs and BOXO Productions projects including games and movies.

Payable and Accrued Expenses

Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.

Revenue Recognition

The Company adopted ASC 606 requires using a new five-step model to recognize revenue from customer contracts. The five-step model requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company has concluded that the new guidance did not require any change to its revenue recognition processes.

The Company recognizes software service fees over time as performance obligations are satisfied over the life of the service, usually, with an average duration of one year. Payments received in advance from customers are recorded as “Deferred revenues.” Such advance payments received are non-refundable after the thirty days refund period.

The cost of revenue consists primarily of the outsourced information technology support service, internal employees, consultants, service charges for cloud computing, and related expenses, which are directly attributable to the revenues.

Concentration of Revenues

Livento Group has been operating in the US and Europe since 2019, and on June 30, 2022, it was acquired by Nugene International, Inc., which subsequently changed its name to Livento Group, Inc. We had revenue of $431,184 in the second quarter of 2023. These came from sales of Elisee and our management services to real estate projects. Elisee sales accounted for $305,120 and $126,064 for real estate projects and management services. The Elisee clients have one- or two-years contracts of using our services, but loss of any of our major clients could significantly decrease our revenues and impede our future growth prospects. Real estate projects were sold during this quarter but still generated revenue from consulting services.

Cost of Revenues

Cost of revenues include all the costs to produce the Company’s services. For Elisee it includes software, data and professional fees incurred with its development. For movies mainly professional fees of people working on the projects. It consists of Amortization of Intangible Assets in amount of $423,741, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee in amount of $94,430.

Research and Development

Internal research and development costs are expensed as incurred. Third-party research and development costs are expensed when the contracted work has been performed. Research and development consist of consulting fees, direct labor and services associated with the development of Elisee functionality.

Allowance for Doubtful Accounts

Our Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. Company currently don’t have any doubtful accounts as its managing its receivables on time and as planned with clients.

Convertible Financial Instruments

The Company bifurcates conversion options from their host instruments and accounts for them as free-standing derivative financial instruments if certain criteria are met. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract,

(b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional, as that term is described under applicable GAAP.

When the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, discounts are recorded for the intrinsic value of conversion options embedded in the instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the transaction and the effective conversion price embedded in the instrument.

Debt Discounts - Debt discounts under these arrangements are amortized to interest expense using the interest method over the earlier of the term of the related debt or their earliest date of redemption.

Loss on Issuance - The conversion features of the notes were bifurcated from the host instrument as its conversion terms were not indexed to the Company’s own stock. In addition, the warrants associated with the debt instruments were also treated as a free-standing derivative liability.

Common Stock Purchase Warrants and Derivative Financial Instruments - Common stock purchase warrants and other derivative financial instruments are classified as equity if the contracts (1) require physical settlement or net-share settlement or (2) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). Contracts which (1) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company), (2) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (3) that contain reset provisions that do not qualify for the scope exception are classified as liabilities. The Company assesses classification of its common stock purchase warrants and other derivatives at each reporting date to determine whether a change in classification between equity and liabilities is required.

Beneficial conversion feature – The issuance of the convertible debt generated a beneficial conversion feature (“BCF”), which arises when a debt or equity security is issued with an embedded conversion option that is beneficial to the investor or in the money at inception because the conversion option has an effective strike price that is less than the market price of the underlying stock at the commitment date. The Company recognized the BCF by allocating the intrinsic value of the conversion option, which is the number of shares of common stock available upon conversion multiplied by the difference between the effective conversion price per share and the fair value of common stock per share on the commitment date, resulting in a discount on the convertible debt (recorded as a component of additional paid-in capital).

Share Based Payments

The Company recognizes compensation expense for all equity-based payments in accordance with ASC 718 - Share-based payments. Under ASC 718’s fair value recognition provisions, the Company recognizes equity-based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award.

Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the accompanying condensed consolidated statements of operations based on the fair values of the related payments. Such expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

The Company accounts for share-based payments granted to non-employees in accordance with ASC 505 - Equity Based Payments to Non-Employees. The Company determines the fair value of the stock-based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.

Net Loss per Share of Common Stock

The Company computes net loss per share in accordance with ASC 260 - Earnings Per Share. ASC 260 requires presentation of both basic and diluted net loss per share on the face of the statements of operations. Basic net loss per share is calculated by dividing the loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted net loss per share is determined by adjusting the loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, such as stock issuable pursuant to the exercise of stock warrants or the conversion of preferred stock into common stock.

Common stock equivalents totaling 686,486,378 as of June 30, 2023, and 227,001,268 and as of December 31, 2022, were not included in the computation of diluted earnings per share on the condensed consolidated statements of operations because the Company reported a net loss during the three months ended June 30, 2023, and December 31, 2022 and therefore the effect would be anti-dilutive.

Recent Accounting Standards Updates

Topic 606, Revenue from Contracts with Customers, of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). The guidance in ASC 606 was originally issued by the FASB in May 2014 in Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Since then, the FASB has issued several ASUs that have revised or clarified the guidance in ASC 606. The Company is in the process of evaluating the impact of this accounting standard update.

On June 20, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 is intended to reduce cost and complexity and to improve financial reporting for share-based payments to nonemployees (for example, service providers, external legal counsel, suppliers, etc.). Under the new standard, companies will no longer be required to value non-employee awards differently from employee awards. Meaning that companies will value all equity classified awards at their grant-date under ASC718 and forgo revaluing the award after this date. The guidance is effective for interim and annual periods beginning after December 15, 2018.

In January 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business. The amendments in this update clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for interim and annual periods beginning after December 15, 2017 and should be applied prospectively on or after the effective date. The Company is in the process of evaluating the impact of this accounting standard update.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. ASU 2016-02 is effective for fiscal years beginning after December 31, 2018 and interim periods in fiscal years beginning after December 31, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this accounting standard update.

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

NOTE 3 – FIXED ASSETS

A&I machine learning program

Acquisition of the assets e.g. name of the intangible asset		A&I machine learning program
what the intangible assets is to be used for		Contains algorithms and code to analyze large portions of data within closed portfolio of items to set their best performing distribution within the portfolio.
Duration for the construction / completion of the intangible assets		Development started in 2018 and continues to present time. Company has several consultants and pays data and servers to upgrade and finalize the system.
Expectation of revenue generation from the acquisition of the asset		The asset currently generates app USD 1,5 million per year and we expect from 2023 to produce USD 2,5 million as we can offer upgraded version to more clients.
Expected useful life of the assets upon completion		Based on the recommendation from the system developers and technological changes the company policy is to amortize AI Learning Program for 3 years. The company will conduct an annual impairment test to reassess that our assumptions on the estimated useful life.
Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.		Research expenses are currently USD 5,792,230 including initial acquisition of the asset and continues investments into data, consultants, and servers. These expenses don’t include general costs, marketing and other indirect costs occurred during the time.

Movie projects

Acquisition of the assets e.g. name of the intangible asset		Movie Projects and Entertainment projects
what the intangible assets is to be used for		We invest into movie and game development projects and this asset class contains intellectual rights to books, movies, scripts. We further develop the asset via developing complete movie script that is further offered to large distribution studios in entertainment industry that will sell the project so BOXO can produce the asset to full movie. Assets as well can be separately sold if there is buyer with interest.
Duration for the construction / completion of the intangible assets		Each movie or game asset needs 15-18 months to reach completion.
Expectation of revenue generation from the acquisition of the asset		Asset once pre-sold to distributor receives 40% margin revenue and once in cinemas and /or online streamers, BOXO receives revenue share in share of 15-25%.
Expected useful life of the assets upon completion		Movie asset package has expected value for 15 years.
Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.

NOTE 4 - PROMISSORY NOTES PAYABLE AND ADVANCES

As of the date of this report, we have not issued any debt securities. On May 12th the company finalized settlement of convertible note issued to Kodiak Capital Group, LLC that was assigned to MAMMOTH CORPORATION and settled via new class of shares in the company: Series E class shares. Mammoth and Company agreed on settlement of the note based with 40,000 E class shares with limit to convert to 11,000,000 common shares.

NOTE 5 - STOCKHOLDER’S EQUITY

Common Shares

As of June 30, 2023, the company issued a total 686,486,378 common shares with $0.0001 par value.

Preferred Shares

As of June 30, 2023, the company issued 5 classes of preference shares.

●	Preferred shares A, $0.0001 par value, 100 shares Authorized, and 100 shares issued – Holder shall have the right to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote. Current holder is Mr. David Stybr.
●	Preferred shares C, $0.0001 par value, 10,000,000 shares Authorized, and 1,104,426 shares issued,
●	Preferred shares D, $0.01 par value, 1,000,000 shares Authorized, and 831,662 shares issued,
●	Preferred shares E, $0.0001 par value, 40,000 shares Authorized, and 28,000 shares issued,
●	Preferred shares F, $0.0001 par value, 75,000 shares Authorized, and 15,000 shares issued,

Common Stock Options

None

Common Stock Warrants

None , all previous were converted.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

Commitments

We occupy our sole corporate facilities at 17 State Street and Jungmannovo square 770/8, Prague, Czech Republic, for approximately $4,500 per month (including common area maintenance). The lease includes annual increases in the monthly lease payments of approximately 3% each year .

At June 30, 2023, aggregate future minimum payments under the lease, including common area maintenance costs, are as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENTS


2023	$	56,000
2024	$	59,000
2025	$	61,000

Total	$	176,000

Legal Proceedings

Company currently doesn’t have any active legal proceedings.

NOTE 7 - SUBSEQUENT EVENTS

Management is preparing AGM to increase level of authorized shares to fulfill company obligation related to BOXO movie acquisitions.

On May 26, 2023, Livento Group, Inc. and its subsidiary, Boxo Productions, Inc. entered into an Assignment and Purchase Agreement (the “APALO) with Loredo LLC (“LO”) whereunder it acquired interests in total of 45 projects valued at $22,320,641 from LO for 391,590,193 shares of our common stock. On May 26, 2023, Boxo Technology, Inc. entered into an Assignment and Purchase Agreement (the “APAWEW”) with West East Wind Limited (“WEWL”) whereunder Boxo Technology, Inc. will acquire certain rights in 3 gaming apps and transfer to WEWL of its interests in 2 real estate projects Thunder and Geminos (which are not further pursuing). The assets acquired from WEWL are valued under the APAWEW at $9,929,359.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 of Part I of this report include forward-looking statements. Information in this report contains “forward looking statements” which may be identified using forward-looking terminology, such as “may”, “shall”, “will”, “could”, “expect”, “estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”, “continue”, “believes”, “estimates”, “projects”, “targets”, or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management based on assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements. Statements in this report concerning the following are forward looking statements: ·future financial and operating results;·our ability to fund operations and business plans, and the timing of any funding or corporate development transactions we may pursue;·the ability of our suppliers to provide products or services in the future of an acceptable quality on a timely and cost-effective basis;·expectations concerning market acceptance of our products;·current and future economic and political conditions;·overall industry and market trends;·management’s goals and plans for future operations; and other assumptions described in this report underlying or relating to any forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives requires the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements. Unless otherwise noted, the terms the “Company”, “we”, “us”, and “our” refer to the ongoing business operations of Livento Group, Inc. and our wholly owned subsidiaries, Livento Group LLC and Boxo Productions, Inc.

RESULTS OF OPERATIONS

Comparison of three months ended June 2023 and 2022

The following analysis of the results of operations for the three months ended June, 2023 and 2022 should be read in conjunction with our condensed consolidated financial statements and the notes to those financial statements that are included elsewhere in this Quarterly Report on Form 10-Q. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations, and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements because of a number of factors. An investment in our common stock involves a high degree of risk. Readers of this Quarterly Report on Form 10-Q should carefully consider the risks set forth in the Risk Factors and Business sections of our 10-12G/A. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” or similar expressions, variations of those terms or the negative of those terms to identify forward- looking statements. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward- looking statements.

Revenues

Revenues generated during the three months ended June 30, 2023 totaled $431,184. These came from sales of Elisee and our management services to real estate projects. We see approximately 90% increase compared to three months ended June 30, 2022 with $224,986.

Most of the revenue for the quarter that ended June 30, 2023, was derived from software fees in the USA and Europe markets. Management believes that the increased revenues are related to our expanded staffing. The main reason is the hiring of new investment representative people and intermediary consultants that support gaining new clients. BOXO movies that were acquired and already in in distribution will show revenues in 3Q 2023.

Cost of Revenues

Our costs of goods sold consist of Amortization of Intangible Assets in amount of $423,741, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee in amount of $94,430. Our services sell for margins comparable with others in industries similar to ours. Our margins will reflect our efficiency in our services, the desirability of our services and our ability to grow revenue in order to scale our operations. Our relationships with our suppliers will also be important in procuring materials at better pricing. Our professional fees increased to $38,319 but giving much higher absolute revenue.

Advertising and promotion

Advertising and promotion totaled approximately $16,972 for the three months ended June 30, 2023 compared to approximately $12,292 for the three months ended June 30, 2022. The use was mainly for online promotion.

Selling, general and administrative

Selling, general and administrative expenses (“SGA”) totaled approximately $196,815 for the three months ended June 30, 2023 compared to approximately $19,766 for the three months ended June 30, 2022. This increase is linked to company’s expansion in its business.

Professional fees

Professional fees totaled approximately $107,972for the three months ended June 30, 2023 compared to approximately $44,500 for the three months ended June 30, 2022. The amount is mainly used to cover our services on other projects and internal Livento structure.

Comparison of six months ended June 2023 and 2022

Revenues

Revenues generated during the six months ended June 30, 2023 totaled $922,651. These came from sales of Elisee and our management services to real estate projects.We see approximately 50% increase compared to six months ended June 30, 2022 with $680,202.

Cost of Revenues

Our costs of goods sold consist of Amortization of Intangible Assets in amount of $843,093, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee in amount of $606,716. Our services sell for margins comparable with others in industries similar to ours. Our margins will reflect our efficiency in our services, the desirability of our services and our ability to grow revenue in order to scale our operations. Our relationships with our suppliers will also be important in procuring materials at better pricing.

Advertising and promotion

Advertising and promotion totaled approximately $31,465 for the six months ended June 30, 2023 compared to approximately $34,826for the six months ended June 30, 2022. The use was mainly for online promotion.

Selling, general and administrative

Selling, general and administrative expenses (“SGA”) totaled approximately $491,720 for the six months ended June 30, 2023 compared to approximately $24,927 for the six months ended June 30, 2022.

Professional fees

Professional fees totaled approximately $182,972 for the six months ended June 30, 2023 compared to approximately $45,000 for the six months ended June 30, 2022. The amount is mainly used to cover our services on other projects and internal Livento structure.

Stock based compensation

Stock based compensation costs was $3,726,621 for the six months ended June 30, 2023 compared to $0 for the six months ended June 30, 2022.

CAPITAL RESOURCES

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Inflation

Inflation and changing prices have had no material effect on our net sales and revenues or on our income from continuing operations over our two most recent fiscal years.

Critical Accounting Policies and Estimates

Our management’s discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in our financial statements. On an ongoing basis, we evaluate our estimates and judgments, including those related to the fair market value of our assets and accrued stock-based compensation expense. We base our estimates on historical experience, known trends and events and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. In making estimates and judgments, management employs critical accounting policies.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Management have established disclosure controls and procedures to ensure that the information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and that such information is accumulated and made known to the officers who certify the Company’s financial reports and to other members of senior management and the Board of Directors as appropriate to allow timely decisions regarding required disclosure. Changes in internal control over financial reporting.

Based on their evaluation as of March 31, 2023, the principal executive officer and principal financial officer of the Company have concluded that the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) are effective.

Changes in Internal Controls – There have been no changes in our internal control over financial reporting during the third quarter of fiscal 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

As disclosed in Note 8 to the Condensed Consolidated Financial Statements, the Company is not engaged in any legal matters, and to confirm with the disclosure set forth in Note 8, the company currently doesn’t have any active legal proceedings.

Item 1A. Risk Factors.

An investment in the Company is highly speculative and involves a high degree of risk.

Risks Related to our Business

We have limited resources, and We may not be able to raise additional capital as it is needed to fund our operations and planned increased investment levels.

We operated at a net loss of $2,462,842for the period ended June 30, 2023, in addition to our cash resources, which were about $43,425 on June 30, 2023, which are inadequate to execute our growth plans, but should allow us to operate at current levels. The loss is impacted by Stock Based Compensations in amount over $2 million. We are dependent upon the additional investment of which there can be no assurance and the proceeds of the rent of Elisse and Novelti software.

Cybersecurity

Our movie projects and Elisee software are stored online and thus are subject to potential thread of cybersecurity. We maintain data in clouds that are highly protected, and we use firewall and antivirus tools to keep data safe.

Financial liabilities

Our results are affected by the timing and occurrence of payments from our clients and in case they have financial difficulties we can face cash flow problems to pay our liabilities. Our management seeks to minimize this risk through close monitoring and relationship with our clients.

Our Last Real Estate Project Will Not be Completed by Us and May is not Sold and We may not Have Adequate Insurance

Projects in real estate can be influenced by market conditions and changes in demand or economic cycles that can cause either delay in sales of properties, changes in pricing, or both. We seek to minimize this risk through close monitoring of market conditions but can give no assurance that our efforts will be successful. In addition, real estate projects can subject us to liabilities related to any deficiencies in the project as constructed. We have utilized insurance to minimize those risks to our shareholders, but we cannot give any insurance that our insurance coverage will provide adequate protection in the event of a catastrophic failure at the project for which we are found liable.

BOXO’s Movie Production Requires Substantial Capital and Continued Participation from Many Parties.

BOXO’s production projects are capital intensive, frequently costing over $30 Million. Most of the required funds are provided by investors who invest in entities formed for a particular project. Until and unless investor funds are received, it is challenging to retain directors, actors, and others required for movie production. Management believes that the success or failure of each project can impact BOXO’s ability to raise funds for the next project timely. Suppose we were to have several consecutive projects on which investors did not realize hoped-for returns. In that case, raising funds for future projects that provide a reasonable return for the Company or on any terms might become significantly more challenging. Delays in raising capital may substantially and negatively affect BOXO’s results.

BOXO relies on personal relationships rather than written agreements.

The BOXO team has worked on many projects together over decades and we rely on these personal relationships rather than formal agreements to keep our team together. Accordingly, one or more of our key consultants may leave us at any time and this could adversely affect our ability to produce new movies.

The Software Development Market is Highly Competitive and Fragmented. The business software development market is highly competitive and includes many large and small competitors. While we have developed what we believe to be a unique platform that will prove commercially viable, however, there is no assurance that this will prove to be the case or that in the future, software developers working for our competitors will not expand upon or enhance our best features putting us at a competitive disadvantage.

Minority stockholders will likely not have a meaningful vote in corporate actions.

Our officers and directors own over all of our super-voting preferred stock. All future actions requiring shareholder approval and the election of our directors will be entirely in their control.

Reporting requirements under the Exchange Act and compliance with the Sarbanes-Oxley Act of 2002, including establishing and maintaining acceptable internal controls over financial reporting, are costly and may increase substantially.

The rules and regulations of the SEC require a public company to prepare and file periodic reports under the Exchange Act, which will require that the Company engage in legal, accounting, auditing, and other professional services. The engagement of such services is costly, and we are likely to incur losses that may adversely affect our ability to continue as a going concern. Additionally, the Sarbanes-Oxley Act of 2002 requires, among other things, that we design, implement, and maintain adequate internal controls and procedures over financial reporting. The costs of complying with the Sarbanes-Oxley Act may make it difficult for us to design, implement and maintain adequate internal controls over financial reporting. If we fail to maintain an effective system of internal controls or discover material weaknesses in our internal controls, in that case, we may not be able to produce reliable financial reports or report fraud, which may harm our overall financial condition and result in a loss of the investor confidence and a decline in our share price.

We cannot assure you that our Common Stock will be listed on the OTCQB or any other stock exchange.

Our common stock is currently traded on the Pink Sheets under the symbol NUGN. Our goal is to become a fully reporting company, establish a market price above $1.00, and be included on the OTCQB or a higher exchange, if possible. However, we cannot assure you that we will be able to meet the initial listing standards of the OTCQB or any other stock exchange or quotation medium or that we will be able to maintain a listing of our Common Stock on any stock exchange. After the filing of this Form 10, we expect that our Common Stock would continue to be eligible to trade on the “pink sheets,” where our stockholders may find it more difficult to affect a transaction in our Common Stock or obtain accurate quotations as to the market value of our Common Stock. In addition, we would be subject to an SEC rule that, if we failed to meet the criteria outlined in such rule, imposes various practice requirements on broker-dealers who sell securities governed by such rule to persons other than established customers and accredited investors. Consequently, such a rule may deter broker-dealers from recommending or effecting transactions in our Common Stock, which may further affect its liquidity. This would also make it more difficult for us to raise additional capital following a business combination.

Risks Related to our Stockholders and Shares of Common Stock

We are currently controlled by our principal stockholders, who include our sole director and executive officers.

At present, David Stybr, our CEO, owns all 100 of the issued and outstanding shares of our super-voting preferred stock, which gives him 51% of the shareholder voting power of the Company. Consequently, he can affect total control of the operations of the Company and, even if additional shares of our Common Stock are sold, he will continue to have the ability to influence or control substantially in all matters submitted to stockholders for approval, including:

	*	Electing our entire board of directors, which currently consists of only Mr. David Stybr, Mr. Simon Sandoval and Mr Michal Zelezny;
	*	Removing directors;
	*	Amending our certificate of incorporation and bylaws;
	*	Approving a business combination with an acquisition candidate; and
	*	Adopting measures that could delay or prevent a change in control or impede a merger, takeover, or other business combination of the Company.

This concentration of ownership and management by itself may impede a merger, consolidation, takeover, or other business consolidation or discourage a potential acquirer from making a tender offer for our Common Stock.

Our Common Stock will likely be considered a “penny stock,” which may make it more difficult for investors to sell their shares due to suitability requirements.

Our common stock is currently deemed “penny stock,” as that term is defined under the Exchange Act. Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that the exchange or system provides current price and volume information concerning transactions in such securities). Penny stock rules impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and “accredited investors.” The term “accredited investor” generally refers to institutions with assets over $5,000,000 or individuals with a net worth in excess of $1,000,000 or an annual income exceeding $200,000 or $300,000 jointly with their spouse.

The penny stock rules require a broker-dealer, before a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized disclosure document in a form prepared by the SEC, which provides information about penny stocks and the nature and level of risks in the penny stock market. Moreover, brokers/dealers are required to determine whether an investment in a penny stock is suitable for a prospective investor. A broker/dealer must receive a written agreement to the transaction from the investor setting forth the identity and quantity of the penny stock to be purchased. These requirements may reduce the potential market for our common stock by reducing the number of potential investors. This may make it more difficult for investors in our common stock to sell shares to third parties or dispose of them. This could cause our stock price to decline.

We have never paid dividends on our Common Stock, but we plan to do so in the future.

We have never paid dividends on our Common Stock, but once the situation in Company allows that, we have this option as valid to discuss on the management level and approve it. We would be delighted to share success in our projects with our shareholders.

We are an “emerging growth company” under the JOBS Act of 2012. We cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.

We are an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”). We may take advantage of certain exemptions from various reporting requirements that apply to other public companies that are not “emerging growth companies,” including, but not limited to, not being required to comply with the auditor attestation requirements of section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. We cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive, there may be a less active trading market for our common stock, and our stock price may be more volatile.

In addition, Section 107 of the JOBS Act also provides that an “emerging growth company” can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an “emerging growth company” can delay the adoption of specific accounting standards until those standards would otherwise apply to private companies. We are taking advantage of the extended transition period to comply with new or revised accounting standards.

We will remain an “emerging growth company” for up to five years, although we will lose that status sooner if our revenues exceed $1 billion, if we issue more than $1 billion in non-convertible debt in three years, or if the market value of our common stock that is held by non-affiliates exceeds $700 million as of any year end.

Our status as an “emerging growth company” under the JOBS Act of 2012 may make it more challenging to raise capital as and when we need it.

Because of the exemptions from various reporting requirements provided to us as an “emerging growth company” and because we will have an extended transition period for complying with new or revised financial accounting standards, we may be less attractive to investors, and it may be difficult for us to raise additional capital as and when we need it. Investors may be unable to compare our business with other companies in our industry if they believe that our financial accounting is not as transparent as other companies in our industry. If we cannot raise additional capital as and when we need it, our financial condition and results of operations may be materially and adversely affected.

We have the right to issue shares of preferred stock. If we were to issue preferred stock, it is likely to have rights, preferences, and privileges that may adversely affect the common stock.

We have designated 10,000,000 shares as Series C Preferred Stock and 1,000,000 shares as Series D Preferred Stock. As of December 31, 2022, 1,204,426 shares of our Series C Preferred Shares were issued and outstanding, and 211,344 shares of Series D Preferred Stock were outstanding and issued. Each share of Series C or Series D Preferred Stock converts into 100 shares of common stock as the common stock is presently constituted but has no rights to dividends. Upon liquidation of the Company, holders of Series C or Series D Preferred Stock will receive such amount as the holder would have received had they converted to common stock immediately before the liquidation. The only difference between the Series C Preferred Stock and the Series D Preferred Stock is that the Series C Preferred Stock is not adjusted for stock splits and combinations. At the same time, the Series D Preferred Stock will have a proportional adjustment, and holders of Series C Stock may not affect a conversion that would place their total ownership of the shares of common stock above 4.99% of the outstanding.

We have the right to issue shares of preferred stock. If we were to issue preferred stock, it is likely to have rights, preferences, and privileges that may adversely affect the common stock.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

The Company is not engaged in any Sales of equity securities that are registered by the Company pursuant to Section 12 of the Exchange Act during the quarter ended June 30, 2023.

Item 3. Defaults Upon Senior Securities.

The Company has not defaulted upon any Senior Securities that are registered by the Company pursuant to Section 12 of the Exchange Act during the quarter ended June 30, 2023.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

None.

Item 6. Exhibits.

INDEX OF EXHIBITS

Exhibit No.		Description

EXHIBIT 21.1		List of subsidiaries of the Registrant

EXHIBIT 31.1		CERTIFICATIONS PURSUANT TO SECTION 302 OFTHE SARBANES-OXLEY ACT OF 2002 CERTIFICATION*

EXHIBIT 32.1		CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002*

101.INS*		Inline XBRL Instance Document

101.INS*		Inline XBRL Taxonomy Extension Schema Document

101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document

104		Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

* A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

August 14, 2023		David Stybr		/s/ David Stybr
Date		Name		Signature

(Digital Signatures should appear as “/s/ [OFFICER NAME]”)

EXHIBIT 21.1

LIST OF SUBSIDIARIES OF THE REGISTRANT

Subsidiary Name	Jurisdiction of Incorporation	Percentage of Ownership

Livento Group LLC	Delaware	100	%
Livento AI & Robotics Solutions Inc.	Delaware	100	%
Livento Services Inc.	Delaware	100	%
BOXO Productions, Inc.	Delaware	100	%
BOXO Technology Inc.	Delaware	100	%
Livento Europe a. s.	Czech republic	80%
Vektor Power Works s.r.o.	Czech republic	80%
Novel-Ti	Tunisia	80%

EXHIBIT 31.1

CERTIFICATIONS PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002 CERTIFICATION

I, David Stybr, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Livento Group, Inc. for the period ended June 30, 2023;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 14, 2023

	/s/ David Stybr
	David Stybr
	Executive Officer
	(Principal Executive, Financial and Accounting Officer)

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), each of the undersigned officers of Livento Group, Inc. (the ‘‘Company’’), does hereby certify, to such officer’s knowledge, that:

The Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the ‘‘Form 10-Q’’) of our Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of our Company.

Date: August 14, 2023

	/s/ David Stybr
	David Stybr
	Executive Officer
	(Principal Executive, Financial and Accounting Officer)

Cover	6 Months Ended
Cover	Jun. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-56457
Entity Registrant Name	Livento Group, Inc.
Entity Central Index Key	0001593549
Entity Tax Identification Number	46-3999052
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	17 State Street
Entity Address, Address Line Two	Suite 4000
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10004
City Area Code	(980)
Local Phone Number	432-8241
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	686,486,378

Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Checking/Savings
Cash	$ 43,425	$ 24,159
Total Checking/Savings	43,425	24,159
Accounts Receivable	206,911	489,910
Other Current Assets
Other Accounts Receivable	280,916	121,460
Inventories	0	0
Total Other Current Assets	280,916	121,460
Total Current Assets	531,252	635,529
Long Term Assets
Long Term Investments	341,470	9,952,880
Property & Equipment	53,282	0
Goodwill	0	0
Intangible Assets	49,055,932	15,118,847
Other Assets	0	0
Deferred Long Term Asset Charges	0	0
Accumulated Depreciation	(3,308,397)	(2,391,999)
Total Long-Term Assets	46,142,286	22,679,728
TOTAL ASSETS	46,673,539	23,315,257
Current Liabilities
Accounts Payable	359,751	139,530
Credit Cards	0	0
Other Current Liabilities
Accounts Payable	31,018	62,549
Derivative Liabilities	0	0
Notes Payable	0	0
Payroll Liabilities	0	0
Total Other Current Liabilities	31,018	62,549
Total Current Liabilities	390,769	202,079
Long Term Liabilities
Co-Investments	3,266,017	3,046,017
Long-Term Business Loans	26,383	0
Total Long-Term Liabilities	3,292,400	3,046,017
Total Liabilities	3,683,169	3,248,096
Equity
Additional Paid in Capital	60,325,425	32,493,023
Capital Stock		0
Common stock, $0.0001 par value, 294,896,185 shares issued at 06/30/2023 and 227,001,268 shares issued at 12/31/2022 (500,000,000 shares Authorized)	29,490	22,700
Common stock, $0.0001 par value, 391,590,193 shares will be issued after Annual General Meeting (AGM) and increase authorized shares	39,159	0
Dividends Paid	0	0
Opening Balance Equity	0	0
Owner or member capital	0	0
Non-Controlling Interest	11,020	0
Retained Earnings	(17,423,156)	(12,450,797)
Total Equity	42,990,369	20,067,160
TOTAL LIABILITIES & EQUITY	46,673,539	23,315,257
Series A Preferred Stock [Member]
Equity
Preferred stock, value	0	0
Series C Preferred Stock [Member]
Equity
Preferred stock, value	110	120
Series D Preferred Stock [Member]
Equity
Preferred stock, value	8,317	2,113
Series E Preferred Stock [Member]
Equity
Preferred stock, value	3	0
Series F Preferred Stock [Member]
Equity
Preferred stock, value	2	0
Related Party [Member]
Other Current Liabilities
Related Parties Payable	$ 0	$ 0

Condensed Consolidated Balance Sheet (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	294,896,185	227,001,268
Common stock, authorized	500,000,000	500,000,000
Annual General Meeting [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	391,590,193	391,590,193
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	100	100
Preferred stock, shares authorized	100	100
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	1,104,426	1,204,423
Preferred stock, shares authorized	10,000,000	10,000,000
Series D Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares issued	831,662	211,344
Preferred stock, shares authorized	1,000,000	1,000,000
Series E Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	28,000	0
Preferred stock, shares authorized	40,000	40,000
Series F Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	15,000	0
Preferred stock, shares authorized	75,000	75,000

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
ORDINARY ICOME/EXPENSE
Total Income	$ 431,184	$ 224,986	$ 922,651	$ 680,202
Cost of Goods Sold
Total COGS	518,171	457,671	1,449,810	882,450
Gross Profit	(86,987)	(232,685)	(527,159)	(202,247)
Expense
Advertising & marketing	16,872	12,292	31,465	34,826
Computer and Internet Expenses	0	0	0	0
Bank Charges	2,655	135	3,207	259
Commissions & fees	2,120	0	56,130	0
Contract labor	110,484	0	260,375	966
Contractors	497	0	497	0
General business expenses	10,258	4,478	13,370	8,326
Interest paid	0	0	0	0
Insurance	0	0	1,020	0
Legal & accounting services	14,380	15,029	34,697	15,029
Professional Fees	107,972	44,500	182,972	45,000
Office expenses	1,177	124	2,324	164
Payroll expenses	46,360	0	98,264	0
Rent	1,121	0	3,735	183
Travel	7,641	0	16,737	0
Uncategorized Expense	123	0	123	0
Stock based compensation	2,052,955	0	3,726,621	0
Taxes paid	1,240	0	1,240	0
Total Expense	2,375,854	76,558	4,432,777	104,753
Net Ordinary Income	(2,462,842)	(309,243)	(4,959,936)	(307,000)
Other Income/Expense
Other Income	0	0	0	0
Other Expense	0	0	11	0
Net Other Income	0	0	(11)	0
Net loss	$ (2,462,842)	$ (309,243)	$ (4,959,946)	$ (307,000)
Net loss per share, basic	$ (0)	$ (0)	$ (0)	$ (0)
Net loss per share, diluted	$ (0)	$ (0)	$ (0)	$ (0)
Weighted average number of common shares outstanding, basic	294,896,185	209,001,268	294,896,185	209,001,268
Weighted average number of common shares outstanding, diluted	294,896,185	209,001,268	294,896,185	209,001,268
Revenues [Member]
ORDINARY ICOME/EXPENSE
Total Income	$ 431,184	$ 224,986	$ 922,651	$ 680,202
Sales Discounts [Member]
ORDINARY ICOME/EXPENSE
Total Income	0	0	0	0
Merchant Account Fees [Member]
Cost of Goods Sold
Total COGS	0	0	0	0
Professional Fees RTS [Member]
Cost of Goods Sold
Total COGS	94,430	38,319	606,716	43,745
Amortization RTS [Member]
Cost of Goods Sold
Total COGS	$ 423,741	$ 419,353	$ 843,093	$ 838,705

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net loss	$ (2,462,842)	$ (309,243)	$ (4,959,946)	$ (307,000)
Other comprehensive income (loss):	488	0	488	0
Foreign currency translation adjustments	(12,413)	0	(12,413)	0
Total comprehensive loss	$ (2,474,767)	$ (309,243)	$ (4,971,871)	$ (307,000)

Condensed Consolidated Statements of Shareholders' Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2021	$ 0	$ 76,590	$ 32,074,932	$ (11,963,639)	$ 0	$ 20,187,883
Balance, shares at Dec. 31, 2021	100	765,895,613
Change in Preferred shares	$ 120					120
Change in preferred shares, shares	1,204,426
Change in Ordinary shares		$ (55,689)				(55,689)
Change in ordinary shares, shares		(556,894,345)
Change in Additional Paid in Capital			55,569			55,569
Change in Accumulated Deficit				(307,000)		(307,000)
Change in Non-Controlling Interest					0	0
Balance at Jun. 30, 2022	$ 120	$ 20,900	32,130,501	(12,270,639)	0	19,880,883
Balance, shares at Jun. 30, 2022	1,204,526	209,001,268
Balance at Mar. 31, 2022	$ 620	$ 19,952	32,130,950	(11,961,396)	0	20,190,126
Balance, shares at Mar. 31, 2022	6,204,526	199,518,487
Change in Preferred shares	$ (500)					(500)
Change in preferred shares, shares	(5,000,000)
Change in Ordinary shares		$ 948				948
Change in ordinary shares, shares		9,482,781
Change in Additional Paid in Capital			(448)			(448)
Change in Accumulated Deficit				(309,243)		(309,243)
Change in Non-Controlling Interest					0	0
Balance at Jun. 30, 2022	$ 120	$ 20,900	32,130,501	(12,270,639)	0	19,880,883
Balance, shares at Jun. 30, 2022	1,204,526	209,001,268
Balance at Dec. 31, 2022	$ 2,234	$ 22,700	32,493,023	(12,450,797)	0	20,067,160
Balance, shares at Dec. 31, 2022	1,415,867	227,001,268
Change in Preferred shares	$ 6,197					6,197
Change in preferred shares, shares	563,321
Change in Ordinary shares		$ 45,949				45,949
Change in ordinary shares, shares		459,485,110
Change in Additional Paid in Capital			27,832,402			27,832,402
Change in Accumulated Deficit				(4,972,359)		(4,972,359)
Change in Non-Controlling Interest					11,020	11,020
Balance at Jun. 30, 2023	$ 8,431	$ 68,649	60,325,425	(17,423,156)	11,020	42,990,369
Balance, shares at Jun. 30, 2023	1,979,188	686,486,378
Balance at Mar. 31, 2023	$ 5,141	$ 24,800	34,745,621	(14,947,901)	0	19,827,661
Balance, shares at Mar. 31, 2023	1,607,549	248,001,268
Change in Preferred shares	$ 3,291					3,291
Change in preferred shares, shares	371,639
Change in Ordinary shares		$ 43,849				43,849
Change in ordinary shares, shares		438,485,110
Change in Additional Paid in Capital			25,579,804			25,579,804
Change in Accumulated Deficit				(2,475,254)		(2,475,254)
Change in Non-Controlling Interest					11,020	11,020
Balance at Jun. 30, 2023	$ 8,431	$ 68,649	$ 60,325,425	$ (17,423,156)	$ 11,020	$ 42,990,369
Balance, shares at Jun. 30, 2023	1,979,188	686,486,378

Condensed Statement of Cash Flow - USD ($)	3 Months Ended		6 Months Ended
Condensed Statement of Cash Flow - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES
Net Income	$ (2,462,842)	$ (309,243)	$ (4,959,946)	$ (307,000)
Adjustments to reconcile Net Income to net cash provided by operations:
Amortization	424,432	419,353	843,785	838,705
Stock based compensation	2,052,955	0	3,726,621	0
Foreign currency translation adjustments	10,797	0	10,797	0
Changes in operating assets and liabilities:
Accounts Receivable	282,558	2,203	294,468	(442,797)
Accounts Payable	(23,112)	37,883	140,901	(113,616)
Other Current Assets	(35,426)	(15,831)	(21,065)	33,639
Other Current Liabilities	28,112	25,936	(13,996)	(15,872)
Total Adjustments to reconcile Net Income to Net Cash provided by operations:	2,740,318	469,544	4,981,510	300,059
Net cash provided by Operating Activities	277,476	160,300	21,564	(6,941)
INVESTING ACTIVITIES
Long Term Investments	0	0	(5,360)	(11,273)
Purchase of Intangible Assets	(760,000)	(150,000)	(1,010,000)	(355,000)
Cash proceed for sale of investments	0	0	0	0
Property & Equipment	0	0	0	0
Deposits	0	0	0	0
Security Deposits Asset	0	0	0	0
Net cash provided by Investing Activities	(760,000)	(150,000)	(1,015,360)	(366,273)
FINANCING ACTIVITIES
Proceed from sale of Stock	229,463	0	793,063	0
Contribution by owners	0	0	0	0
Dividends Paid	0	0	0	0
Proceed from note payable	200,000	0	220,000	0
Net cash provided by Financing Activities	429,463	0	1,013,063	0
Net cash increase for period	(53,061)	10,300	19,267	(373,214)
Cash at beginning of period	96,486	100,669	24,159	484,183
Cash at end of period	$ 43,425	$ 110,969	$ 43,425	$ 110,969

NATURE OF BUSINESS AND BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF BUSINESS AND BASIS OF PRESENTATION

NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION

●	The transfer of our jewelry business operations existing on the date of the Indemnity Agreement (the “BMI Business”);
●	The assumption by Ms. Kurland of all liabilities of our Company and the indemnification by Ms. Kurland holding our Company harmless for any and all liabilities arising at or before the date of the Indemnity Agreement;
●	The payment by NuGene to Ms. Kurland of $350,000 in cash; and
●	The surrender by Ms. Kurland of 15,000,000 shares (before giving effect to the Stock Split discussed below) (the “Indemnity Shares”) of our Company’s common stock representing 95% of the then outstanding common stock (all of which shares have been deemed cancelled by the Company).

By 2017, our cosmeceutical skincare business had been discontinued as we could not obtain financing for operations on reasonable terms and became inactive. Our corporate charter was revoked in Nevada

PRINCIPLIES OF CONSOLIDATION

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

PRINCIPLIES OF CONSOLIDATION

NOTE 2 – PRINCIPLIES OF CONSOLIDATION

These consolidated financial statements and related notes are presented by accounting principles generally accepted in the United States and are expressed in US dollars.

Use of Estimates

Risks and Uncertainties

Reclassifications

Inventories

The Company doesn’t have inventories as we work only as service provider.

Property and Equipment

Our property, plant, and equipment on June 30, 2023, consists of our software product Elisee, Novelti programs and BOXO Productions projects including games and movies.

Payable and Accrued Expenses

Revenue Recognition

Concentration of Revenues

Cost of Revenues

Research and Development

Allowance for Doubtful Accounts

Convertible Financial Instruments

Share Based Payments

Net Loss per Share of Common Stock

Recent Accounting Standards Updates

FIXED ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

FIXED ASSETS

NOTE 3 – FIXED ASSETS

A&I machine learning program

Acquisition of the assets e.g. name of the intangible asset		A&I machine learning program
what the intangible assets is to be used for		Contains algorithms and code to analyze large portions of data within closed portfolio of items to set their best performing distribution within the portfolio.
Duration for the construction / completion of the intangible assets		Development started in 2018 and continues to present time. Company has several consultants and pays data and servers to upgrade and finalize the system.
Expectation of revenue generation from the acquisition of the asset		The asset currently generates app USD 1,5 million per year and we expect from 2023 to produce USD 2,5 million as we can offer upgraded version to more clients.
Expected useful life of the assets upon completion		Based on the recommendation from the system developers and technological changes the company policy is to amortize AI Learning Program for 3 years. The company will conduct an annual impairment test to reassess that our assumptions on the estimated useful life.
Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.		Research expenses are currently USD 5,792,230 including initial acquisition of the asset and continues investments into data, consultants, and servers. These expenses don’t include general costs, marketing and other indirect costs occurred during the time.

Movie projects

Acquisition of the assets e.g. name of the intangible asset		Movie Projects and Entertainment projects
what the intangible assets is to be used for		We invest into movie and game development projects and this asset class contains intellectual rights to books, movies, scripts. We further develop the asset via developing complete movie script that is further offered to large distribution studios in entertainment industry that will sell the project so BOXO can produce the asset to full movie. Assets as well can be separately sold if there is buyer with interest.
Duration for the construction / completion of the intangible assets		Each movie or game asset needs 15-18 months to reach completion.
Expectation of revenue generation from the acquisition of the asset		Asset once pre-sold to distributor receives 40% margin revenue and once in cinemas and /or online streamers, BOXO receives revenue share in share of 15-25%.
Expected useful life of the assets upon completion		Movie asset package has expected value for 15 years.
Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.

PROMISSORY NOTES PAYABLE AND ADVANCES

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

PROMISSORY NOTES PAYABLE AND ADVANCES

NOTE 4 - PROMISSORY NOTES PAYABLE AND ADVANCES

STOCKHOLDER’S EQUITY

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

STOCKHOLDER’S EQUITY

NOTE 5 - STOCKHOLDER’S EQUITY

Common Shares

As of June 30, 2023, the company issued a total 686,486,378 common shares with $0.0001 par value.

Preferred Shares

As of June 30, 2023, the company issued 5 classes of preference shares.

●	Preferred shares A, $0.0001 par value, 100 shares Authorized, and 100 shares issued – Holder shall have the right to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote. Current holder is Mr. David Stybr.
●	Preferred shares C, $0.0001 par value, 10,000,000 shares Authorized, and 1,104,426 shares issued,
●	Preferred shares D, $0.01 par value, 1,000,000 shares Authorized, and 831,662 shares issued,
●	Preferred shares E, $0.0001 par value, 40,000 shares Authorized, and 28,000 shares issued,
●	Preferred shares F, $0.0001 par value, 75,000 shares Authorized, and 15,000 shares issued,

Common Stock Options

None

Common Stock Warrants

None , all previous were converted.

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 6 - COMMITMENTS AND CONTINGENCIES

Commitments

At June 30, 2023, aggregate future minimum payments under the lease, including common area maintenance costs, are as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENTS


2023	$	56,000
2024	$	59,000
2025	$	61,000

Total	$	176,000

Legal Proceedings

Company currently doesn’t have any active legal proceedings.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 7 - SUBSEQUENT EVENTS

Management is preparing AGM to increase level of authorized shares to fulfill company obligation related to BOXO movie acquisitions.

PRINCIPLIES OF CONSOLIDATION (Policies)	6 Months Ended
PRINCIPLIES OF CONSOLIDATION (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates Conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities that are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including but not limited to, those related to revenue recognition, collectability of accounts receivable, contingent liabilities, fair value of financial instruments, fair value of acquired intangible assets and goodwill, useful lives of intangible assets and property and equipment, excess and obsolete inventory, deferred tax asset valuation and income taxes. These estimates are based on management’s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates.
Risks and Uncertainties	Risks and Uncertainties The Company operates in an industry that is subject to rapid change. The Company’s operations are subject to significant risk and uncertainties including financial, operational, technological, regulatory, and other risks, including the potential of business failure.
Reclassifications	Reclassifications For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the current year’s financial statement presentation. These reclassifications have no impact on net loss.
Inventories	Inventories The Company doesn’t have inventories as we work only as service provider.
Property and Equipment	Property and Equipment Our property, plant, and equipment on June 30, 2023, consists of our software product Elisee, Novelti programs and BOXO Productions projects including games and movies.
Payable and Accrued Expenses	Payable and Accrued Expenses Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.
Revenue Recognition	Revenue Recognition The Company adopted ASC 606 requires using a new five-step model to recognize revenue from customer contracts. The five-step model requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company has concluded that the new guidance did not require any change to its revenue recognition processes. The Company recognizes software service fees over time as performance obligations are satisfied over the life of the service, usually, with an average duration of one year. Payments received in advance from customers are recorded as “Deferred revenues.” Such advance payments received are non-refundable after the thirty days refund period. The cost of revenue consists primarily of the outsourced information technology support service, internal employees, consultants, service charges for cloud computing, and related expenses, which are directly attributable to the revenues.
Concentration of Revenues	Concentration of Revenues Livento Group has been operating in the US and Europe since 2019, and on June 30, 2022, it was acquired by Nugene International, Inc., which subsequently changed its name to Livento Group, Inc. We had revenue of $431,184 in the second quarter of 2023. These came from sales of Elisee and our management services to real estate projects. Elisee sales accounted for $305,120 and $126,064 for real estate projects and management services. The Elisee clients have one- or two-years contracts of using our services, but loss of any of our major clients could significantly decrease our revenues and impede our future growth prospects. Real estate projects were sold during this quarter but still generated revenue from consulting services.
Cost of Revenues	Cost of Revenues Cost of revenues include all the costs to produce the Company’s services. For Elisee it includes software, data and professional fees incurred with its development. For movies mainly professional fees of people working on the projects. It consists of Amortization of Intangible Assets in amount of $423,741, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee in amount of $94,430.
Research and Development	Research and Development Internal research and development costs are expensed as incurred. Third-party research and development costs are expensed when the contracted work has been performed. Research and development consist of consulting fees, direct labor and services associated with the development of Elisee functionality.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Our Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. Company currently don’t have any doubtful accounts as its managing its receivables on time and as planned with clients.
Convertible Financial Instruments	Convertible Financial Instruments The Company bifurcates conversion options from their host instruments and accounts for them as free-standing derivative financial instruments if certain criteria are met. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional, as that term is described under applicable GAAP. When the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, discounts are recorded for the intrinsic value of conversion options embedded in the instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the transaction and the effective conversion price embedded in the instrument. Debt Discounts - Debt discounts under these arrangements are amortized to interest expense using the interest method over the earlier of the term of the related debt or their earliest date of redemption. Loss on Issuance - The conversion features of the notes were bifurcated from the host instrument as its conversion terms were not indexed to the Company’s own stock. In addition, the warrants associated with the debt instruments were also treated as a free-standing derivative liability. Common Stock Purchase Warrants and Derivative Financial Instruments - Common stock purchase warrants and other derivative financial instruments are classified as equity if the contracts (1) require physical settlement or net-share settlement or (2) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). Contracts which (1) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company), (2) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (3) that contain reset provisions that do not qualify for the scope exception are classified as liabilities. The Company assesses classification of its common stock purchase warrants and other derivatives at each reporting date to determine whether a change in classification between equity and liabilities is required. Beneficial conversion feature – The issuance of the convertible debt generated a beneficial conversion feature (“BCF”), which arises when a debt or equity security is issued with an embedded conversion option that is beneficial to the investor or in the money at inception because the conversion option has an effective strike price that is less than the market price of the underlying stock at the commitment date. The Company recognized the BCF by allocating the intrinsic value of the conversion option, which is the number of shares of common stock available upon conversion multiplied by the difference between the effective conversion price per share and the fair value of common stock per share on the commitment date, resulting in a discount on the convertible debt (recorded as a component of additional paid-in capital).
Share Based Payments	Share Based Payments The Company recognizes compensation expense for all equity-based payments in accordance with ASC 718 - Share-based payments. Under ASC 718’s fair value recognition provisions, the Company recognizes equity-based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the accompanying condensed consolidated statements of operations based on the fair values of the related payments. Such expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company accounts for share-based payments granted to non-employees in accordance with ASC 505 - Equity Based Payments to Non-Employees. The Company determines the fair value of the stock-based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.
Net Loss per Share of Common Stock	Net Loss per Share of Common Stock The Company computes net loss per share in accordance with ASC 260 - Earnings Per Share. ASC 260 requires presentation of both basic and diluted net loss per share on the face of the statements of operations. Basic net loss per share is calculated by dividing the loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted net loss per share is determined by adjusting the loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, such as stock issuable pursuant to the exercise of stock warrants or the conversion of preferred stock into common stock. Common stock equivalents totaling 686,486,378 as of June 30, 2023, and 227,001,268 and as of December 31, 2022, were not included in the computation of diluted earnings per share on the condensed consolidated statements of operations because the Company reported a net loss during the three months ended June 30, 2023, and December 31, 2022 and therefore the effect would be anti-dilutive.
Recent Accounting Standards Updates	Recent Accounting Standards Updates Topic 606, Revenue from Contracts with Customers, of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). The guidance in ASC 606 was originally issued by the FASB in May 2014 in Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Since then, the FASB has issued several ASUs that have revised or clarified the guidance in ASC 606. The Company is in the process of evaluating the impact of this accounting standard update. On June 20, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 is intended to reduce cost and complexity and to improve financial reporting for share-based payments to nonemployees (for example, service providers, external legal counsel, suppliers, etc.). Under the new standard, companies will no longer be required to value non-employee awards differently from employee awards. Meaning that companies will value all equity classified awards at their grant-date under ASC718 and forgo revaluing the award after this date. The guidance is effective for interim and annual periods beginning after December 15, 2018. In January 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business. The amendments in this update clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for interim and annual periods beginning after December 15, 2017 and should be applied prospectively on or after the effective date. The Company is in the process of evaluating the impact of this accounting standard update. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. ASU 2016-02 is effective for fiscal years beginning after December 31, 2018 and interim periods in fiscal years beginning after December 31, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this accounting standard update. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF FUTURE MINIMUM PAYMENTS

At June 30, 2023, aggregate future minimum payments under the lease, including common area maintenance costs, are as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENTS


2023	$	56,000
2024	$	59,000
2025	$	61,000

Total	$	176,000

NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)				3 Months Ended			6 Months Ended		12 Months Ended
	Jan. 26, 2020	Dec. 29, 2014	Dec. 26, 2014	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2014	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period shares new issues							686,486,378
Proceeds from issuance of common stock				$ 229,463	$ 0		$ 793,063	$ 0
Promissory Note [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt instrument convertible beneficial conversion feature	$ 120,000
Stock Placement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from issuance of common stock		$ 1,625,000
Stock Placement [Member] \| Promissory Note [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Face amount		$ 375,000
Common Stock [Member] \| Stock Placement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock number of shares issued in transaction		2,000,000
Sale of stock consideration received on transaction		$ 2,000,000
Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payments to Acquire Residential Real Estate									$ 4,000,000
Payments to Acquire Real Estate									12,000,000
Payments to Develop Real Estate Assets									$ 3,000,000
Ms Kurland [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares forfeited			15,000,000
Director [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stockholders equity reverse stock split			board of directors approved a 15.04 to one stock split (“Stock Split”) in the form of a stock dividend to holders of our common stock as of that date
Bling Marketing Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sales revenue						$ 22,025
Nu Gene Inc [Member] \| Nugene Merger Agreement [Member] \| Series A Preferred Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period shares new issues			1,917,720
Nu Gene Inc [Member] \| Nugene Merger Agreement [Member] \| Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period shares new issues			26,052,760
Nu Gene Inc [Member] \| Ms Kurland [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payments to acquire business net of cash acquired			$ 350,000
Common stock, percentage			95.00%
Nu Gene Inc [Member] \| Director [Member] \| Nugene Merger Agreement [Member] \| Series A Preferred Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period shares new issues			900,000

PRINCIPLIES OF CONSOLIDATION (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Product Information [Line Items]
Revenue	$ 431,184	$ 224,986	$ 922,651	$ 680,202
Amortization of intangible assets			$ 423,741
Number of antidilutive securities			686,486,378		227,001,268
Deferred Movie Revenues [Member]
Product Information [Line Items]
Revenue			$ 305,120
Real Estate Projects And Management [Member]
Product Information [Line Items]
Revenue			126,064
Elisee [Member]
Product Information [Line Items]
Cost of revenue			$ 94,430

FIXED ASSETS (Details Narrative)	6 Months Ended
FIXED ASSETS (Details Narrative)	Jun. 30, 2023 USD ($)
Indefinite-Lived Intangible Assets [Line Items]
Research expense	$ 5,792,230
A And I Machine Learning Program [Member]
Indefinite-Lived Intangible Assets [Line Items]
Intangible asset description	The asset currently generates app USD 1,5 million per year and we expect from 2023 to produce USD 2,5 million as we can offer upgraded version to more clients.
Useful life	3 years
Movie Projects [Member]
Indefinite-Lived Intangible Assets [Line Items]
Intangible asset description	Asset once pre-sold to distributor receives 40% margin revenue and once in cinemas and /or online streamers, BOXO receives revenue share in share of 15-25%.
Useful life	15 years

PROMISSORY NOTES PAYABLE AND ADVANCES (Details Narrative)	6 Months Ended
	Jun. 30, 2023 shares
Number of shares converted	11,000,000
Series E Preferred Stock [Member]
Number of shares converted	40,000

STOCKHOLDER’S EQUITY (Details Narrative) - $ / shares	6 Months Ended
STOCKHOLDER’S EQUITY (Details Narrative) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Common stock, shares issued	686,486,378
Common stock, par value	$ 0.0001	$ 0.0001
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100	100
Preferred stock, shares issued	100	100
Series A Preferred Stock [Member] \| Mr David Stybr [Member]
Class of Stock [Line Items]
Preferred stock, voting rights	right to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote.
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	1,104,426	1,204,423
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	831,662	211,344
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	40,000	40,000
Preferred stock, shares issued	28,000	0
Series F Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	75,000	75,000
Preferred stock, shares issued	15,000	0

SCHEDULE OF FUTURE MINIMUM PAYMENTS (Details)	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2023	$ 56,000
2024	59,000
2025	61,000
Total	$ 176,000

COMMITMENTS AND CONTINGENCIES (Details Narrative)	6 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Narrative)	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 4,500
Lessee operating lease discount rate	3.00%

SUBSEQUENT EVENTS (Details Narrative)	May 26, 2023 USD ($) shares
Subsequent Events [Abstract]
Value of stock issued	$ 22,320,641
Number of shares issued \| shares	391,590,193
Asset acquisition consideration transferred	$ 9,929,359